Thai Group Holdings PCL (BKK:TGH) Price-to-Tangible-Book : 1.56 (As of May. 16, 2024)

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What is Thai Group Holdings PCL Price-to-Tangible-Book?

As of today (2024-05-16), Thai Group Holdings PCL's share price is ฿14.80. Thai Group Holdings PCL's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was ฿9.46. Hence, Thai Group Holdings PCL's Price to Tangible Book Ratio of today is 1.56.

The historical rank and industry rank for Thai Group Holdings PCL's Price-to-Tangible-Book or its related term are showing as below:

BKK:TGH' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.49 Med: 2.08 Max: 2.24
Current: 1.56

During the past 6 years, Thai Group Holdings PCL's highest Price to Tangible Book Ratio was 2.24. The lowest was 1.49. And the median was 2.08.

BKK:TGH's Price-to-Tangible-Book is ranked worse than
58.35% of 461 companies
in the Insurance industry
Industry Median: 1.37 vs BKK:TGH: 1.56

A closely related ratio is called PB Ratio. As of today, Thai Group Holdings PCL's share price is ฿14.80. Thai Group Holdings PCL's Book Value per Sharefor the quarter that ended in Dec. 2023 was ฿11.45. Hence, Thai Group Holdings PCL's P/B Ratio of today is 1.29.

Thai Group Holdings PCL Price-to-Tangible-Book Historical Data

The historical data trend for Thai Group Holdings PCL's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Thai Group Holdings PCL Price-to-Tangible-Book Chart

Thai Group Holdings PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.08

2.24

1.95

1.73

Thai Group Holdings PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.95	1.76	1.81	2.07	1.73

Competitive Comparison of Thai Group Holdings PCL's Price-to-Tangible-Book

For the Insurance - Diversified subindustry, Thai Group Holdings PCL's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Thai Group Holdings PCL's Price-to-Tangible-Book Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Thai Group Holdings PCL's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Thai Group Holdings PCL's Price-to-Tangible-Book falls into.

Thai Group Holdings PCL Price-to-Tangible-Book Calculation

Thai Group Holdings PCL's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	14.80	/	9.461
	=	1.56

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Thai Group Holdings PCL Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Thai Group Holdings PCL's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Thai Group Holdings PCL (BKK:TGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Thai Group Holdings PCL (BKK:TGH) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Silom Road, 315 Thai Group Building, 12th Floor, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.tgh.co.th

Thai Group Holdings PCL is a Thailand-based holding company. The principal activities of the group are underwriting life assurance, underwriting non-life insurance, leasing, hire purchase services, lending, and sales of second-hand cars. It operates in four segments: Life Insurance business, Non - Life insurance business, Financial service business, and Other businesses. The vast majority of the revenues are generated from the insurance business segment. The company is managed and operates principally in Thailand.